New Delhi, twenty second September 2025: Chakr Innovation, a pioneer deep-tech start-up specializing in materials science, has raised USD 23 million (INR 193.5 crore) in its Collection C funding spherical, led by Iron Pillar.
The corporate’s present investor base contains SBI Cap Ventures, ONGC, IAN, and Inflexor from earlier rounds. Ambit Personal Restricted has been a valued strategic accomplice to Chakr Innovation, performing as an unique monetary advisor on the profitable Collection C fundraise.
The newly raised capital will primarily be used to increase manufacturing capability, speed up worldwide development, and backward integration. The funds may even allow Chakr Innovation to additional put money into R&D to develop superior applied sciences inside the clean-tech area.
Chakr Innovation has additionally been engaged on indigenous vitality storage expertise aimed toward decreasing the nation’s dependence on lithium-ion chemistry. This aligns with the Prime Minister’s imaginative and prescient to develop indigenous applied sciences within the vital sector of vitality storage.
Kushagra Srivastava, Founder & CEO of Chakr Innovation, mentioned, “This funding is a serious step towards realizing our imaginative and prescient of constructing world-class materials science applied sciences from India.
With these sources, we’ll increase globally, strengthen our R&D capabilities, and set up the nation’s first devoted supplies science middle centered on vital supplies. Our focus stays on enabling industries to function sustainably whereas supporting the Prime Minister’s Atma Nirbhar Bharat imaginative and prescient.”
Talking on the funding, Ashok Ananthakrishnan from Iron Pillar mentioned, “In Chakr Innovation, we found a uncommon dwelling development Deep Tech firm tackling India’s rising air pollution disaster and vitality storage challenges.
What attracted us to Chakr was the mission pushed tradition of the corporate and the profitable commercialization of its R&D efforts in a brief span of seven years. To not point out the gifted Engineers and PhDs who’ve returned to India giving up profitable careers in MNCs overseas.
We’re proud to accomplice Chakr as they increase their international footprint and proceed to pioneer transformative Tech worldwide.”
This funding will empower Chakr Innovation to scale its flagship product Chakr Protect — India’s first licensed retrofit emission management machine that reduces diesel generator emissions by over 80% — reinforcing its mission to fight air air pollution on the supply.
Along with its emission management options, Chakr Innovation has developed Aluminium-Air expertise as a substitute for lithium-ion batteries. Comprised of 100% indigenous uncooked supplies, Aluminium-Air presents increased vitality density and goals to scale back India’s reliance on overseas uncooked supplies.
About Chakr Innovation:
Based in 2016 by IIT Delhi graduates, Chakr Innovation is a number one Indian multinational specializing in materials science expertise. The corporate’s portfolio contains the flagship product, Chakr Protect -India’s first licensed retrofit emission management machine (RECD) for inner combustion engines. This expertise reduces emissions by over 80% with out impacting engine efficiency.
With over 5,000 installations and greater than 2,000 clients, the corporate has considerably diminished over 2.5 million tonnes of CO₂ equal emissions throughout India. These improvements have earned international recognition, together with from the United Nations, for selling sustainable industrial practices.
As a part of its product portfolio, the corporate has additionally developed DeNOx expertise, a distant DG monitoring system (IoT), and Steel-Air battery options — improvements designed to assist industries obtain their sustainability objectives.
With over 42 patent functions, Chakr Innovation continues to guide India’s deep-tech area. It’s staff contains over 200 engineers and scientists and greater than 450 full-time workers, positioning it strongly to construct world-class applied sciences and merchandise from India for the world.
With manufacturing amenities in Gurugram and Pune, Chakr Innovation stays dedicated to persevering with its journey towards a cleaner, greener planet. For extra info, please go to https://chakr.in/
About Iron Pillar:
Iron Pillar is a development stage investor in formidable Indian entrepreneurs constructing enduring tech firms ‘from India for Indian and international markets’. The staff invests in each enterprise and shopper tech companies.
A number of the firms Iron Pillar has partnered with embody BlueStone, Curefoods, FreshToHome, Sedemac, Servify and Uniphore. Extra details about Iron Pillar is on the market at https://ironpillarfund.com
Disclaimer:- This story has not been edited by SugerMint employees and supplied by the company. SugerMint is not going to be accountable in any means for the content material of this story.
| Are you an
Entrepreneur or Startup? Do you’ve got a Success Story to Share? SugerMint wish to share your success story. We cowl entrepreneur Tales, Startup Information, Ladies entrepreneur tales, and Startup tales |
Learn extra Press Releases at SugerMint. Comply with us on Twitter, Instagram, Fb, LinkedIn
